St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-04
FINANCIAL.
New York.

NEW YORK, March 3.-Money on call easy
at $685. per cent aho closed at 3. Prime
mercantile paper 5GS7. Sterling exchange
steadier but quotations unchanged. The
stock market was moderately active to-day,
and with the exception of a period OF weak
ness in the afternoon was firm or strong
throughout the day. The interest, however,
was monopoliZed by few stocks which were
affected by special causes, though the remain
der also shared the Improvement. Western
Union was strong on points to buy from in
side sources, and the movement was accom-
panied by IA rumor that Il deal would prob
ably be arranged at the dinner in Baltimore
tonight. Union Pacific showed unusual
strength, which was attributed to the
buying by the Washington party to cover
shorts. Green Bay, Winona & St. Peter
suddenly developed unusual activity and be-
came very strong on the expected utilization
with the Milwaukee, Lake Shore Il Western,
but the latter's stock, after a rise early in the
day. sagged off later and closed with a frac
tional loss. St. Paul was inclined to weakness
upon the unfavorable showing of the earn
lngs but was held up by supporting orders.
The remainder OF the list was without special
feature, although they shared in the general
improvement arising from the better feeling
existing in the street upon the situation. The
opening was somewhat Irregular but the ma
jority were slight fractions over last even
ing's quotations. There was more animation
to the early dealings than has been usual
for the past week, and the tone
was decidedly strong, Western Union
Union Pacific and Green Bay being most
prominent in rise. Toward the end Of the
first hour there was a marked decrease in the
amount of business done, and later there was
slight yielding of values in the general list,
while Richmond & West Point was decidedly
weak. The market quietly rallied, however.
but after noon the firm tone entirely disap-
peared and the market became dull and
heavy. In the last hour the strength again
returned, New England becoming prominent.
The close was active and strong at or near
the best prices of the day. The active stocks,
with few exceptions, are higher this even
ing, although with the exception of Tennes-
see Coal, which rose 2$4 and Green Bay ~,
and advances are for fractions only. The rail-
road bond market was active; sales, 81, 024.0OO
The special features were the advances and
sudden activity among those bonds of the
Pacific roads in consequence of the passage
Of the investigation resolution, and in the
Green Bay securities upon the expected close
relations with the Milwaukee, Lake Shore Il
Western. The conspcuously active issues
were Green Bay incomes. with sales of $780,
600; sWest Shore As, 1904 200, and Union
Pacific lists, $194,000. The market was firm
to strong throughout and most issues show
material advances. Green Bay lists rose 234,
10 1919; incomes 21s, to 40ss; Central Pacific
lists 80, to us; Union Pacific lists 334, to
1875. Government bonds were duu and
steady. State bonds were dull and
steady. The total sales of stocks to-day
were $50, 664 shares, including:
D., L. & w ..... 19, 500 Louisville s. NJ. 4,070
Erie. .......... $3.50 Reading. .29, 900
Hooking Valley. 1,420ISt. Paul ..... 20, $50
Kansas s. Texas. 8 200 Union Pacific. Ii, 420
Lake Shore. -. 1908 Western Union. 81, 800